Waverly Advisors LLC acquired a new stake in Snowflake Inc. (NYSE:SNOW – Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 7,883 shares of the company’s stock, valued at approximately $1,274,000.
Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Snowflake by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 21,286,148 shares of the company’s stock valued at $3,439,842,000 after buying an additional 297,428 shares during the last quarter. Jennison Associates LLC grew its position in shares of Snowflake by 3.7% in the first quarter. Jennison Associates LLC now owns 7,008,464 shares of the company’s stock valued at $1,132,568,000 after purchasing an additional 249,249 shares during the last quarter. Sands Capital Management LLC increased its stake in shares of Snowflake by 12.6% during the fourth quarter. Sands Capital Management LLC now owns 5,443,406 shares of the company’s stock worth $1,083,238,000 after purchasing an additional 610,970 shares during the period. Norges Bank acquired a new stake in Snowflake during the 4th quarter worth approximately $838,455,000. Finally, WCM Investment Management LLC boosted its stake in Snowflake by 0.6% in the 1st quarter. WCM Investment Management LLC now owns 1,848,043 shares of the company’s stock valued at $298,644,000 after purchasing an additional 11,677 shares during the period. 65.10% of the stock is owned by institutional investors.
Insider Buying and Selling at Snowflake
In other news, EVP Christian Kleinerman sold 1,500 shares of the firm’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $161.15, for a total transaction of $241,725.00. Following the completion of the transaction, the executive vice president now owns 772,597 shares of the company’s stock, valued at $124,504,006.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, EVP Christian Kleinerman sold 1,500 shares of Snowflake stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $161.15, for a total value of $241,725.00. Following the transaction, the executive vice president now directly owns 772,597 shares of the company’s stock, valued at $124,504,006.55. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Emily Ho sold 6,500 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $158.36, for a total value of $1,029,340.00. Following the completion of the sale, the chief accounting officer now owns 36,076 shares in the company, valued at $5,712,995.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 520,678 shares of company stock worth $64,962,300. 7.80% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
Check Out Our Latest Report on Snowflake
Snowflake Stock Up 0.4 %
Shares of SNOW opened at $129.35 on Wednesday. The business has a 50-day simple moving average of $135.57 and a two-hundred day simple moving average of $163.73. Snowflake Inc. has a 12-month low of $122.60 and a 12-month high of $237.72. The stock has a market cap of $43.31 billion, a PE ratio of -46.03 and a beta of 0.85.
Snowflake (NYSE:SNOW – Get Free Report) last released its quarterly earnings data on Wednesday, May 22nd. The company reported ($0.88) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by ($0.40). Snowflake had a negative net margin of 30.80% and a negative return on equity of 15.99%. The firm had revenue of $828.71 million during the quarter, compared to analyst estimates of $786.95 million. On average, equities research analysts expect that Snowflake Inc. will post -2.28 EPS for the current year.
About Snowflake
Snowflake Inc provides a cloud-based data platform for various organizations in the United States and internationally. Its platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data and data products, as well as applies artificial intelligence (AI) for solving business problems.
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